Exempt supply
Navin Agarwal (354 Points)
11 August 2020
Can we claim ITC on exempt goods or service?
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 11 August 2020
Person can not claim ITC against exempt Goods and services.
If you are supplying both Exempt as well as taxable Goods/services, than Proposnate ITC to be reversed as calculated as per rule.
If you are supplying both Exempt as well as taxable Goods/services, than Proposnate ITC to be reversed as calculated as per rule.
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 11 August 2020
You even can not claim ITC on free sample given, Goods lost, Goods used for personal use etc
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